Stockholders' Equity

6 Months Ended

Jun. 29, 2019

14.

STOCKHOLDERS’ EQUITY: The following tables reflect the changes in stockholders’ equity attributable to both Nucor and the noncontrolling interests of Nucor’s joint ventures, primarily Nucor-Yamato Steel Company (Limited Partnership), of which Nucor owns 51%, for the three months and six months ended June 29, 2019 and June 30, 2018 (in thousands):

				Three Months (13 Weeks) Ended June 29, 2019
														Accumulated									Total
								Additional						Other			Treasury Stock						Nucor
				Common Stock				Paid-in			Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, March 30, 2019	$	10,502,666			380,154	$	152,061	$	2,083,339		$	10,714,279		$	(308,787	)		75,368		$	(2,526,701	)	$	10,114,191		$	388,475
Net earnings		412,277			-		-		-			386,483			-			-			-			386,483			25,794
Other comprehensive income (loss)		11,027			-		-		-			-			11,027			-			-			11,027			-
Stock options exercised		2,756			-		-		575			-			-			(65	)		2,181			2,756			-
Stock option expense		3,800			-		-		3,800			-			-			-			-			3,800			-
Issuance of stock under award plans, net of forfeitures		29,554			-		-		10,696			-			-			(556	)		18,858			29,554			-
Amortization of unearned compensation		400			-		-		400			-			-			-			-			400			-
Treasury stock acquired		(124,681	)		-		-		-			-			-			2,250			(124,681	)		(124,681	)		-
Cash dividends declared		(122,812	)		-		-		-			(122,812	)		-			-			-			(122,812	)		-
Distributions to noncontrolling interests		(16,978	)		-		-		-			-			-			-			-			-			(16,978	)
Other		(1	)		-		-		(1	)		-			-			-			-			(1	)		-
BALANCES, June 29, 2019	$	10,698,008			380,154	$	152,061	$	2,098,809		$	10,977,950		$	(297,760	)		76,997		$	(2,630,343	)	$	10,300,717		$	397,291

				Six Months (26 Weeks) Ended June 29, 2019
														Accumulated									Total
								Additional						Other			Treasury Stock						Nucor
				Common Stock				Paid-in			Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, December 31, 2018	$	10,201,968			380,154	$	152,061	$	2,073,715		$	10,337,445		$	(304,133	)		74,562		$	(2,467,010	)	$	9,792,078		$	409,890
Net earnings		943,070			-		-		-			888,289			-			-			-			888,289			54,781
Other comprehensive income (loss)		4,487			-		-		-			-			4,487			-			-			4,487			-
Stock options exercised		5,892			-		-		808			-			-			(153	)		5,084			5,892			-
Stock option expense		4,112			-		-		4,112			-			-			-			-			4,112			-
Issuance of stock under award plans, net of forfeitures		48,269			-		-		19,175			-			-			(862	)		29,094			48,269			-
Amortization of unearned compensation		1,000			-		-		1,000			-			-			-			-			1,000			-
Treasury stock acquired		(197,511	)		-		-		-			-			-			3,450			(197,511	)		(197,511	)		-
Cash dividends declared		(245,898	)		-		-		-			(245,898	)		-			-			-			(245,898	)		-
Distributions to noncontrolling interests		(67,380	)		-		-		-			-			-			-			-			-			(67,380	)
Other		(1	)		-		-		(1	)		(1,886	)		1,886			-			-			(1	)		-
BALANCES, June 29, 2019	$	10,698,008			380,154	$	152,061	$	2,098,809		$	10,977,950		$	(297,760	)		76,997		$	(2,630,343	)	$	10,300,717		$	397,291

				Three Months (13 Weeks) Ended June 30, 2018
													Accumulated									Total
								Additional					Other			Treasury Stock						Nucor
				Common Stock				Paid-in		Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital		Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, March 31, 2018	$	9,322,919			380,154	$	152,061	$	2,041,297	$	8,696,007		$	(249,366	)		62,056		$	(1,663,972	)	$	8,976,027		$	346,892
Net earnings		713,615			-		-		-		683,153			-			-			-			683,153			30,462
Other comprehensive income (loss)		(46,666	)		-		-		-		-			(46,666	)		-			-			(46,666	)		-
Stock option expense		3,587			-		-		3,587		-			-			-			-			3,587			-
Issuance of stock under award plans, net of forfeitures		19,465			-		-		6,198		-			-			(479	)		13,267			19,465			-
Amortization of unearned compensation		300			-		-		300		-			-			-			-			300			-
Treasury stock acquired		(141,122	)		-		-		-		-			-			2,233			(141,122	)		(141,122	)		-
Cash dividends declared		(121,337	)		-		-		-		(121,337	)		-			-			-			(121,337	)		-
Distributions to noncontrolling interests		(15,337	)		-		-		-		-			-			-			-			-			(15,337	)
Other		-			-		-		1		(1	)		-			-			-			-			-
BALANCES, June 30, 2018	$	9,735,424			380,154	$	152,061	$	2,051,383	$	9,257,822		$	(296,032	)		63,810		$	(1,791,827	)	$	9,373,407		$	362,017

				Six Months (26 Weeks) Ended June 30, 2018
													Accumulated									Total
								Additional					Other			Treasury Stock						Nucor
				Common Stock				Paid-in		Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital		Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, December 31, 2017	$	9,084,788			379,900	$	151,960	$	2,021,339	$	8,463,709		$	(254,681	)		61,931		$	(1,643,291	)	$	8,739,036		$	345,752
Net earnings		1,093,727			-		-		-		1,037,332			-			-			-			1,037,332			56,395
Other comprehensive income (loss)		(41,351	)		-		-		-		-			(41,351	)		-			-			(41,351	)		-
Stock options exercised		12,280			210		84		10,103		-			-			(78	)		2,093			12,280			-
Stock option expense		3,937			-		-		3,937		-			-			-			-			3,937			-
Issuance of stock under award plans, net of forfeitures		34,706			44		17		15,003		-			-			(720	)		19,686			34,706			-
Amortization of unearned compensation		1,000			-		-		1,000		-			-			-			-			1,000			-
Treasury stock acquired		(170,315	)		-		-		-		-			-			2,677			(170,315	)		(170,315	)		-
Cash dividends declared		(243,218	)		-		-		-		(243,218	)		-			-			-			(243,218	)		-
Distributions to noncontrolling interests		(40,130	)		-		-		-		-			-			-			-			-			(40,130	)
Other		-			-		-		1		(1	)		-			-			-			-			-
BALANCES, June 30, 2018	$	9,735,424			380,154	$	152,061	$	2,051,383	$	9,257,822		$	(296,032	)		63,810		$	(1,791,827	)	$	9,373,407		$	362,017

Dividends declared per share were $0.40 per share in the second quarter of 2019 ($0.38 per share in the second quarter of 2018) and $0.80 per share in the first six months of 2019 ($0.76 per share in the first six months of 2018).

In September 2018, the Company announced that the Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $2.0 billion of the Company’s common stock. Share repurchases will be made from time to time in the open market at prevailing market prices, through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date. The Board of Directors also terminated any previously authorized share repurchase programs. As of June 29, 2019, the Company had approximately $1.3 billion remaining available for share repurchases under the program.